ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More
MGM & CO. Chartered Certified Accountants
If you are looking for professional accountants offering a full range of accountancy and tax services to clients from across the UK, you have come to ...See More
Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More
Clarity Accountants
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Accounting 4 Ltd
Registered practice offering accountancy services from Bookkeeping, Payroll, Vat, Self Assessment, Small Limited Company accounts etc Qualified to AAT...See More
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Cheaper Accountant
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GORILLA ACCOUNTING LIMITED
orilla Accounting was born after a group of specialist accountants with decades of experience amongst them, decided that accounting shouldn’t be a lab...See More
Mind Your Assets Accounts
Mind Your Assets Accounts is based in Sheffield, South Yorkshire, with offices also in Manchester and London. We have over 20 years accountancy expe...See More
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Norbury Bookkeeping Services
We offer a complete bookkeeping and computerized payroll service throughout Cheshire and South Manchester and are able to offer support for all financ...See More
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
Athena Bookkeeping Services
Athena Accounting and Bookkeeping Services. ?Let us take good care of your finances giving you more time to focus on the day to day running of your bu...See More
Sambhav Management Limited
Since 2012, we’ve offered clients the tools, resources and guidance necessary for all their accounting needs. Clients receive the personalized attenti...See More
LLOYDS ACCOUNTANTS LTD
We offer accounts, taxation and business advisory and support services to a wide range of businesses and individuals, nationwide. We continue to build...See More
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
BROOKSON LIMITED
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
ACCOUNTS 2U LIMITED
Our director, Howard Turner MAAT ATT, qualified as an accounting and taxation technician in 1995 after training with chartered accountants in Cheshire...See More
Frequently asked questions
What is the role of a company liquidator in Brighouse?
A company liquidator in Brighouse is a licensed insolvency practitioner who takes control of a company that is being closed down. Their primary role is to sell the company's assets, settle outstanding debts with creditors in the correct legal order, investigate the company's affairs, and distribute any remaining funds to shareholders. They also ensure that all statutory obligations are met and that the company is formally dissolved at Companies House.
How much does company liquidation cost in Brighouse?
The cost of liquidation varies depending on the complexity of the case, the size of the company, and the type of liquidation required. For a straightforward Creditors Voluntary Liquidation (CVL), fees typically range from £4,000 to £8,000 plus VAT, but this can increase if there are complex asset realisations or legal issues. Many liquidators offer fixed fees for simple cases, and the cost is often paid from the company's assets rather than from the director's personal funds.
What is the difference between CVL and MVL liquidation?
A Creditors Voluntary Liquidation (CVL) is used when a company is insolvent, meaning it cannot pay its debts as they fall due. An Members Voluntary Liquidation (MVL) is used when a company is solvent but the directors or shareholders wish to close it down, often for retirement or restructuring purposes. In an MVL, the liquidator distributes assets to shareholders after all debts are paid, and it can be more tax-efficient for extracting retained profits.
Can I be held personally liable for company debts during liquidation?
Generally, directors are not personally liable for company debts if they have acted within the law and not engaged in wrongful trading or fraudulent activity. However, if you have given personal guarantees for loans or credit, you may be personally responsible for those specific debts. The liquidator will investigate the conduct of directors and can pursue claims if they find evidence of misfeasance, breach of duty, or trading while insolvent without taking reasonable steps to minimise losses to creditors.
How long does the liquidation process take in Brighouse?
A Creditors Voluntary Liquidation typically takes between 6 to 12 months to complete, depending on the complexity of the case, the number of creditors, and how quickly assets can be sold. Members Voluntary Liquidation can often be completed in a similar timeframe, but if the company has simple assets and no outstanding issues, it may be quicker. The liquidator must file a final account with Companies House before the company is formally dissolved, which usually occurs after the liquidation is concluded.
What happens to employees during company liquidation?
When a company enters liquidation, employees are automatically made redundant from the date the liquidation order is made. The liquidator will provide employees with the necessary forms to claim statutory redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund (via the Redundancy Payments Service). Employees who are retained by the liquidator to help with asset realisation or administration are paid from the company's assets as an expense of the liquidation.
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